GOLD: The Safe-haven Buying Demand Rising
Hello everyone! Today i want to share some macro analysis with you!
1.
In early Asian trading on Tuesday (10 December), gold was narrowly oscillating, currently trading near $2,662.70, holding on to most of its overnight gains.
Gold prices touched a two-week high of 2,676.31 on Monday, climbing more than 1 per cent to close at $2,660.09, as China's central bank re-bought gold after a six-month hiatus, while expectations of a Fed rate cut next week also increased bullish sentiment, the geopolitical situation also pushed up safe-haven buying demand.
Follow me to learn more about analysis!!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
